Brady Corporation (BRC)
Return on equity (ROE)
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 197,215 | 174,857 | 149,979 | 129,659 | 112,369 |
| Total stockholders’ equity | US$ in thousands | 1,066,660 | 990,919 | 911,298 | 963,028 | 752,112 |
| ROE | 18.49% | 17.65% | 16.46% | 13.46% | 14.94% |
July 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $197,215K ÷ $1,066,660K
= 18.49%
Brady Corporation's return on equity (ROE) has shown a consistent upward trend over the past five years, indicating improving profitability and efficiency in generating returns for its shareholders.
The company achieved an ROE of 18.49% as of July 31, 2024, representing a significant increase from the previous year's 17.65%. This improvement suggests that Brady Corporation has been able to generate higher profits relative to its shareholders' equity investment.
Comparing the ROE of 2024 to that of 2020, the company has made notable progress in enhancing its profitability and efficiency, with the current ROE of 18.49% outperforming the 14.94% reported in 2020.
Overall, Brady Corporation's increasing trend in ROE indicates effective management of its assets and liabilities to generate higher returns for its shareholders, reflecting positively on the company's financial performance and value creation.
Peer comparison
Jul 31, 2024